Top 10 Tech News Stories of 2012

Facebook IPO

As Mark Zuckerberg stood on a stage at Facebook's Menlo Park headquarters in the early morning hours of May 18, many in the media marveled at how far the social network had come in less than a decade. Its 20-something CEO was about to become a billionaire as the company went public, and Facebook was well on its way to hitting 1 billion users. Unfortunately, Facebook wasn't as popular on Wall Street as it has been with its users. The stock price failed to keep pace with other tech bigwigs, quickly dropping below its $38 opening number. Several shareholders even sued over what they saw as a bungled IPO. Zuckerberg admitted in September that the IPO was indeed "disappointing." But he said Facebook was familiar with public scrutiny, and it was not the first (and certainly not the last) time the social network had been under fire.